SBI FD Rates: State Bank of India (SBI), the country’s largest public sector bank, has given a big blow to its customers this time. The bank has reduced interest on all its FDs from 0.15 per cent to 0.25 per cent. Apart from this, the bank has also reduced interest on its 444 days special FD Amrit Vrishti by 0.25 percent. This interest is on FD of less than Rs 3 crore. The new SBI bank’s new rates have come into effect from June 15. Since the RBI reducing the repo rate again, most banks have been losing interest on FDs.
SBI also reduced interest on special FD
SBI Bank has also reduced interest on its special FD Amrit Vrishti. Amrit Vrishti FD Scheme is a special FD of 444 days in which more interest was being paid than normal FD. The bank has also reduced interest from 6.85 per cent to 6.60 per cent. Senior citizens will get 0.50 percent extra interest. Senior citizens will get 7.10 percent interest on 444 days Amrit Vrishti FD scheme.
SBI FD Rates
SBI Bank is offering FDs from 7 days to 10 years. The bank is paying maximum interest to senior citizens at a FD of 5 to 10. The interest on this FD is 7.30 percent. This time SBI Bank has reduced interest from 0.15 per cent to 0.25 per cent on FDs of all its tenure.
State Bank of India Latest Interest Rate on FD
7 days to 45 days: for general public – 3.05 percent; For Senior Citizen – 3.55 percent
46 days to 179 days: for general public – 5.05 percent; For Senior Citizen – 5.55 percent
180 days to 210 days: for general public – 5.80 percent; For Senior Citizen – 6.30 percent
211 days to less than 1 year: for general public – 6.05 percent; For Senior Citizen – 6.55 percent
Less than 1 year to 2 years: for general public – 6.25 percent; For Senior Citizen – 6.75 percent
Less than 2 years to 3 years: for general public – 6.45 percent; For Senior Citizen – 6.95 percent
Less than 3 years to 5 years: For general public – 6.30 percent; For Senior Citizen – 6.80 percent
From 5 years to 10 years: for general public – 6.05 percent; For Senior Citizen – 7.05 percent. (Senior citizens get 0.50 % interest extra under SBI WeCare scheme.)
Government will give discounts to customers on payment from UPI! This will be so much on payment of 100 rupees